At 11 AM, the Nifty has seen a full 50 pts cut and is currently at 4706, down by 1%

Tata Steel has slipped by 2.4% and is trading at 545.

HDFC has also slipped by 2% at 2345.

RIL is down by over 1%. HDFC Bank is down by 1.4%. BPCL is down by 2.4%. Hindalco has slid by 2.3%.

SAIL, Reliance Infra, Axis Bank, Punj lloyd - have all seen 1% cuts.

Bharti is however strongly holding in the green with 1% gains.